February 4, 2010 6:04 PM

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India received $1.5bn FDI during December 2009

India received 1.5 billion US Dollar foreign direct investments in December 2009, an increase of over 10 per cent over previous year. Foreign direct investment was 1.36 billion in December 2008.A Commerce ministry official said today in New Delhi, the overseas inflows, however, declined marginally to 20.9 billion US Dollars in April-December compared to 21.15 billion US Dollars in the corresponding period last year.AIR correspondent reports, this is the third consecutive month that FDI inflows have posted a healthy year-on-year jump. In a move to push FDI inflows further, the Commerce and Industry Ministry has released a draft document that consolidates FDI policy notified through 177 Press Notes so far into a single regulatory framework.The move is aimed at providing a greater clarity on the existing rules to foreign investors, but will not change the current FDI norms or sector specific caps.

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